Perfect Storm Trades for 11/24/2014

Hi All,

SPY gapped this morning on thin volume.  Holiday light volume trading underway and about to get much lighter.  We hit TTPH Short for 24.95 on 1 minute mini inverse pup for a sweet collapse to scale out 24.48 and 24.29, out + .47 and + .66.  We took BBY Long at 38.58 but stopped out 38.54 on chop, out - .04.  We took LGF Short at 32.84 but stopped out when the algos held the 32.75 support and started to grind at 32.88, out - .04.  We re-entered LGF SHORT on double size at 32.81 when the algos backed off and perfect storm tightening triggered to scale out 32.70 and 32.57, out + .10 and + .24.  We hit AAPL SHORT at 117.62 for a stinky 2.50s reversion scalp at 117.47, out + .15.  With the thinning liquidity and volume, we traded smaller size today and will for rest of week so the group has enough liquidity.  Carved out + $358 profits this morning.

Posted to Morning Profit Maker on Nov 24, 2014 — 12:11 PM
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